Welcome to the “Additional Requirements” lesson which covers some general reports required by the Bank Secrecy Act. This lesson is the third of three in the “Bank Secrecy Act Basics” course, which gives financial institution employees a preliminary overview of the BSA and its mandated forms. After viewing this lesson, financial institution employees will understand the basic requirements of the Registration of Money Services Business form, the Report of International Transportation of Currency or Monetary Instruments, the Monetary Instrument Log, and the Customer Due Diligence Rule.
Overview
COURSE DIFFICULTY
COURSE DURATION
6m
Skills Learned
After completing this online training course, students will be able to:
Understand the Key Provisions of the Bank Secrecy Act
Identify Additional Requirements for Financial Institutions
Recognize Reporting and Recordkeeping Obligations
Analyze Potential Penalties for Non-Compliance
Evaluate Best Practices for Compliance Management
Compliance Officers, Financial Institution Employees, Risk Management Professionals, Auditors
Basic Understanding of Banking Operations, Familiarity with Regulatory Framework
01. Introduction to the Bank Secrecy Act
02. Overview of Additional Requirements
03. Reporting and Recordkeeping Guidelines
04. Compliance Strategies and Best Practices
05. Consequences of Non-Compliance
SKILLS LEARNED
Skills Learned
After completing this online training course, students will be able to:
Understand the Key Provisions of the Bank Secrecy Act
Identify Additional Requirements for Financial Institutions
Recognize Reporting and Recordkeeping Obligations
Analyze Potential Penalties for Non-Compliance
Evaluate Best Practices for Compliance Management
WHO SHOULD ATTEND
Compliance Officers, Financial Institution Employees, Risk Management Professionals, Auditors
PREREQUISITES
Basic Understanding of Banking Operations, Familiarity with Regulatory Framework
COURSE OUTLINE
01. Introduction to the Bank Secrecy Act
02. Overview of Additional Requirements
03. Reporting and Recordkeeping Guidelines
04. Compliance Strategies and Best Practices
05. Consequences of Non-Compliance
